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UK Shared Prosperity Fund

About the UK Shared Prosperity Fund

The UK Government set out an ambitious plan for change which is focused on 5 National Missions and the UK Shared Prosperity Fund (UKSPF) was designed to provide local funding to support these missions. 

The initial UKSPF programme which ran from 2022 to March 2025 provided over £2.6 billion of funding across the UK for local investment, and in 2025/26 provided an additional £900 million. We were allocated £6,034,164 in 2025/26, bringing the total since April 2022 to just under £20 million.

Projects delivered during 2025/26 in North Lanarkshire are a continuation of the previous programme and allowed us to maximise the outcomes from the activities carried out during the initial programme from 2022 – 2025. The UKSPF continued in 2025/26 with the same priorities of Communities and Place, Supporting Local Business, and People and Skills.

Local Growth Funding

From April 2026 the UK Government’s Local Growth Funding will provide new funding to support regional growth, supporting both capital and revenue activity. There will be four programmes of funding:

Funded by UK Government

Page last updated:
13 Mar 2026

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